Bill Black, my Econ hero supports Bernie Sanders, opposes Hillary Clinton's plan to "control" banks to protect the economy. It was Bill Clinton that destroyed it with the repeal of the protections of Glass-Steagall that eliminated the separation of Commercial banking from Investment Banking.
Bill gives an outstanding and simple explanation of Glass-Steagall protections the problems it caused by repeal the banks wanted and the need to reinstate (in revised version as necessary I would think) to again separate Commercial Banking from Investment Banking. He states that prior to the bail out there were 6 big banks now there are two.
Bill says that it is not a matter of needing the separation "if" big banks fail. It is a matter of needing them "when" they fail.
I trust Bill implicitly. He is one of the good guys.
I have no trust in Hillary. She is in the pocket of Wall St.
Go Bernie!
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